The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.
Category: Inflation Reduction Act of 2022
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California’s Plan for Cheaper Insulin Collides With Big Pharma’s Price Cuts
The state awarded a $50 million contract to produce less costly treatments, but moves by major suppliers might undercut the initiative before any new product emerges.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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Senate Confirms Daniel Werfel as IRS Commissioner
The new commissioner of the Internal Revenue Service will oversee the agency’s $80 billion overhaul.
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U.S. and Europe Angle for New Deal to Resolve Climate Spat
American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
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Biden Budget Will Propose Tax Increase to Boost Medicare
The president’s plan targets Americans earning more than $400,000 a year in an attempt to increase the program’s solvency by 25 years.
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U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.